Kagongi Bakyara Twimukye Tukore Group
47-year-old Joy is a prolific and level-headed farmer who grows cash crops such as bananas and cassava. Her longevity is based on the hard work she has brought to bear in her business. Her day in, day out trivial round involves going to work in the gardens with her four laborers. Her proficiency has in a way galvanized her laborers, who on the face of it, want to emulate her.
Joy takes exception to laziness and she lays emphasis on this every time she and her laborers embark on their work. Along the way, she has had to grapple with hard times but her perseverance and tenacity have been winners. Her auxiliary business is milk sales. The combined gross total income from both her businesses is Uganda shillings 300,000. She reckons she will be able to make more once she utilizes this Kiva loan effectively.
Joy intends to use this Kiva loan to purchase a cow so that she can get more milk to resell. Milk sells quite well on the markets in Ntungamo and recently, many milk sellers from the West of Uganda have been able to tap into the more lucrative milk markets in Kampala.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid